IIBF Online Free Mock Test

Working capital credit facilities are intended to made the borrower's ____ credit requirements.

Which of the following is India's first credit information company?

Demand deposit can be withdrawn on ____

What is the minimum deposit required to open a BSBD account?

A micro Enterprise in manufacturing sector is one where the investment in plant and machinery does not exceed Rs.____

Smart cards use PINs rather than passwords. What does PIN stand for?

Principle functions of banks are:

Which of the following is the tagline of Pradhan Mantri Jan-Dhan Yojana (PMJDY) ?

What is the maximum period for which crop loans are given?

What name has been given to the business correspondent agent who facilitate bank and banking related services, especially in unbanked areas of the country?

For which of the functions of the bank are KYC norms applicable?

An indemnity contract is

What document is obtained from a customer who has lost a demand draft purchased by him, before issuing a duplicate?

In recurring deposits,

NPAs are critical for the health of a bank. What does NPA stand for?

Banks and other financial institutions in India are required to maintain a certain amount of liquid assets like cash, pre- cious metals and other short term securities as a reserve all the time. In Banking World this is known as–

KYC is ......................

The process of money laundering is perpetrated by placement and layering.

The responsibility of a bank to pay back the money of the customer is specifically stated in the Negotiable Instruments Act, 1881.

As per section 131-A of the Negotiable Instruments Act, the protection granted to a bank while paying cheque has been made applicable to drafts also.